Deductible, Aggregate Annual


Definition of "Deductible, aggregate annual"

Dawn Wood, MBA, Broker real estate agent
Dawn Wood, MBA, Broker, Real Estate Agent Benchmark Realty LLC

Same as term Aggregate Annual Deductible: deductible that applies for the year. For example, a business pays for the first $40,000 of losses incurred during the year and the insurance company pays for all losses above that amount up to the limit of recovery stated in the policy.

Have a question or comment?
We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 
 

 

Popular Insurance Terms

Popular Insurance Questions